It’s time to invest… in burritos and tacos. Gourmet burritos and tacos are going to be the first big IPO of 2006. I have reliable information from my insider that Chipotle is very, very near it’s IPO (as proof by yahoo! finance). I’ve been hearing this for about a year now but it’s finally about to happen. It’s my opinion (so not to get anyone in trouble) that the shares will start around the $22 to $25 dollar range and will be available in the next few weeks. Employees bought stock this week for a discount which mean the IPO isn’t far behind.
If you don’t know what Chipotle is… you must live in Oklahoma. I’m addicted. I make the 5 hour round trip drive from OKC to the nearest Chipotle in DFW at least 2 times a month. So I pay about $56 dollars for a burrito. But my mouth and my tummy love me for it.
note: 01-26-06 – in the few days since i wrote this, CNBC reports the estimated value has jumped from the $20 – $25 mark to the $35 to $40 mark. The IPO is happening in about an hour… 10:15. I’m so excited.